Marketing & Communications Briefs
2023
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July Retail Sales Show Continued Consumer Resilience
August 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Retail sales jumped in July as US consumers continued to open their wallets.
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Strong January retail sales growth won’t last
February 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Retail sales spiked in January, starting the year on an unexpectedly strong note.
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Consumer Spending Fell Again in Dec, but Inflation Cooled
January 27 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Collectively, these data will likely be interpreted by the Fed as a sign that monetary policy is working.
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Retail sales stumbled in December
January 18 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Looking ahead, we expect consumer spending to continue to contract as the US economy slips into recession early this year.
2022
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October data show progress on inflation & spending
December 01 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)While higher energy prices kept month-over-month PCE inflation flat at 0.3 percent, core PCE inflation dipped to 0.2 percent.
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Retail Sales Unexpectedly Strong in October
November 16 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Even when adjusted for inflation, sales were the strongest seen since February, rising 0.8 percent from the previous month.
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Inflation and interest rates weigh on September retail sales
October 14 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Looking ahead, we expect consumer spending growth to fall deeper into negative territory as the economy slips into recession.
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Consumer Spending Continues to be Buffeted by High Inflation
August 26 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)We expect the Fed to continue to raise rates into 2023 to tackle persistently high inflation.
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July retail sales flat as gasoline prices fell
August 17 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Looking ahead, we expect consumer spending growth to fall into negative territory as the economy slips into recession.
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Retail Sales Improved, But Not Enough to Counter Inflation
July 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)The latest retail sales data show an economy that may be losing some momentum as headwinds from high inflation and rising interest rates intensify.
